A Credit Union is a nonprofit financial institution that is federally regulated and owned by the members or people who use its services. Credit unions serve groups with a common interest, and only members may use the available services.
A financial institution is a company whose 'product' involves money, such as making loans, investments, and accepting deposits. These institutions are fundamental to the functioning of the financial system and economy.
A Financial Intermediary is an institution that acts as a middleman between savers and borrowers, collecting deposits and channeling them into investments such as loans and securities.
